(ALGN) Trading Signals

April 29, 2024, 07:26 am ET, BY Jake B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ALGN

• Buy ALGN slightly over 276.46 target 333.2 stop loss @ 275.66 Details

The technical summary data tells us to buy ALGN near 276.46 with an upside target of 333.2. This data also tells us to set a stop loss @ 275.66 to protect against excessive loss in case the stock begins to move against the trade. 276.46 is the first level of support below 309.02 , and by rule, any test of support is a buy signal. In this case, support 276.46 is being tested, a buy signal would exist.

• Short ALGN slightly under 333.2, target 276.46, stop loss @ 334.16 Details

The technical summary data is suggesting a short of ALGN as it gets near 333.2 with a downside target of 276.46. We should have a stop loss in place at 334.16though. 333.2 is the first level of resistance above 309.02, and by rule, any test of resistance is a short signal. In this case, if resistance 333.2 is being tested, a short signal would exist.

Swing Trading Plans for ALGN

• Buy ALGN slightly over 309.52, target 333.2, Stop Loss @ 308.63 Details

If 309.52 begins to break higher, the technical summary data tells us to buy ALGN just slightly over 309.52, with an upside target of 333.2. The data also tells us to set a stop loss @ 308.63 in case the stock turns against the trade. 309.52 is the first level of resistance above 309.02, and by rule, any break above resistance is a buy signal. In this case, 309.52, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ALGN slightly near 309.52, target 292.22, Stop Loss @ 310.41. Details

The technical summary data is suggesting a short of ALGN if it tests 309.52 with a downside target of 292.22. We should have a stop loss in place at 310.41 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 309.52, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for ALGN

• Buy ALGN slightly over 309.52, target 315.92, Stop Loss @ 308.8 Details

If 309.52 begins to break higher, the technical summary data tells us to buy ALGN just slightly over 309.52, with an upside target of 315.92. The data also tells us to set a stop loss @ 308.8 in case the stock turns against the trade. 309.52 is the first level of resistance above 309.02, and by rule, any break above resistance is a buy signal. In this case, 309.52, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ALGN slightly near 309.52, target 305.58, Stop Loss @ 310.24. Details

The technical summary data is suggesting a short of ALGN if it tests 309.52 with a downside target of 305.58. We should have a stop loss in place at 310.24 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 309.52, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Align Technology Inc. (ALGN) available here: ALGN.

ALGN Ratings for April 29:

Term →	Near	Mid	Long
Rating	Strong	Weak	Weak
P1	0	0	221.34
P2	305.58	292.22	276.46
P3	315.92	309.52	333.2

AI Generated Signals for ALGN

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Trading Align Technology Inc. (NASDAQ: ALGN) can be efficient and rewarding, especially in volatile markets, so long as the important pivot points for the stock are observed before making decisions to buy, sell, or short.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for ALGN change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if ALGN is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for ALGN too.  All of these are offered below the Summary Table.